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United Airlines Holdings

UAL

United Airlines Holdings, Inc. is a major global airline operator that transports passengers and cargo across six continents through its primary subsidiary, United Airlines, Inc. The company operates a comprehensive hub-and-spoke network centered in large North American population centers, providing extensive domestic and international connectivity.

Market cap
$40.97B+52.3%
Revenue$60.5B+4.7%
Net income$3.7B+0.1%
Free cash flow$7.1B+2,222%
EPS (diluted)$11.19+1.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 15, 2026 (In 5 days)
Revenue estimate$17.6B
EPS estimate$1.87

Financials

Q1 2026

Income statement

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Revenue$14.6B+10.6%
Operating income$997.0M+64.3%
Net income$699.0M+80.6%
EPS (diluted)$2.14+84.5%

Balance sheet

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Cash & equivalents$8.0B-17.7%
Total debt$31.0B-5.9%
Total equity$15.9B+25.8%
Total assets$80.9B+6.3%

Cash flow

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Operating cash flow$4.8B+29.4%
CapEx$1.7B+35.6%
Free cash flow$3.1B+26.2%

Valuation & ratios

Valuation

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Market cap$41.65B+52.3%
Enterprise value$64.61B+27.5%
P/E11.4×+3.1×
P/S0.7×+0.2×

Profitability

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Operating margin8.4%-1.3pp
Net margin6.1%-0.3pp

Returns & leverage

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Return on equity25.7%-7.8pp
Debt / equity-0.7×
Current ratio0.7×-0.1×

Segments

By product

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Ancillary Services$1.2B+20.0%

Competitors

Profile

United Airlines Holdings, Inc. is a major global airline operator that transports passengers and cargo across six continents through its primary subsidiary, United Airlines, Inc. The company operates a comprehensive hub-and-spoke network centered in large North American population centers, providing extensive domestic and international connectivity. Its core value proposition focuses on a diverse product range from basic economy to premium global services, supported by a leading loyalty program and strategic international alliances.

Competitive position

United maintains the most comprehensive route network among North American carriers and is a founding member of the world's largest airline alliance.

GeographiesNorth America, Asia, Europe, Africa, Pacific, Middle East, Latin America
Customer segmentsConsumer, Enterprise, Government
Business modelHub-and-spoke transportation, Loyalty program monetization, Capacity purchase agreements, Advertising network
SuppliersAircraft manufacturers (Boeing, Airbus), Fuel suppliers, Airport authorities, Regional carrier partners, Global distribution systems (GDS)
CustomersIndividual travelers, Corporate travel departments, Freight and logistics companies, E-commerce and postal entities
Listed1969
Employees106.0K
CEOJ. Scott Kirby
Websiteunited.com
FilingsSEC EDGAR

Questions, answered.

What is United Airlines Holdings's market cap?
United Airlines Holdings (UAL) has a market capitalization of $41.0B and trades on NASDAQ.
What is United Airlines Holdings's revenue and profitability?
United Airlines Holdings generated $60.5B in trailing twelve-month revenue with net income of $3.7B, representing a net margin of 6.1%, with free cash flow of $7.1B. These figures are based on the Q1 2026 filing.
Who are United Airlines Holdings's competitors?
United Airlines Holdings's key competitors include American Airlines Group Inc., Delta Air Lines, Inc., Southwest Airlines Co., and others. These companies compete in similar markets and product categories.
Who does United Airlines Holdings partner with?
United Airlines Holdings's notable partners include JPMorgan Chase Bank, N.A., SpaceX, Air Canada, and others.
What subsidiaries does United Airlines Holdings have?
United Airlines Holdings's subsidiaries include United Airlines, Inc., United Ground Express, Inc., United Airlines Ventures, Ltd..
Where is United Airlines Holdings headquartered?
United Airlines Holdings is headquartered in United States of America and employs approximately 106,000 people. It has been publicly traded since 1969.